Aluminum Extrusion Market Size, Share & Trends Report

Aluminum Extrusion Market Size, Share & Trends Analysis Report By Product (Tubes & Pipes, Rods & Bars Shapes), By Application (Building & Construction, Electrical & Energy), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-3-68038-700-1
  • Number of Report Pages: 100
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2022
  • Forecast Period: 2024 - 2030 
  • Industry: Advanced Materials

Research Methodology

A three-pronged approach was followed for deducing the aluminum extrusion market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for aluminum extrusion market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of aluminum extrusion market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Aluminum Extrusion Market Categorization:

The aluminum extrusion market was categorized into four segments, namely product (Shapes, Rods & Bars, Pipes & Tubes), application (Building & Construction, Automotive & Transportation, Consumer Goods, Electrical & Energy), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).

Segment Market Methodology:

The aluminum extrusion market was segmented into product, application, and region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The aluminum extrusion market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eleven countries, namely, the U.S.; Canada; Mexico; Germany; the UK; France; China; Japan; India; Brazil; Saudi Arabia.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Aluminum extrusion market companies & financials:

The aluminum extrusion market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Hindalco Industries Limited (Aditya Birla Group) - Hindalco Industries Limited, a subsidiary of the Aditya Birla Group, is based in Mumbai, India, and was founded in 1958. The company specializes in the production of aluminum and copper products and is recognized as a leading entity in the aluminum rolling sector in Asia and globally. As of 2020, Hindalco employed 23,379 individuals worldwide. The company’s aluminum and alumina production for 2020 amounted to 1,229 and 2,699 kilotons, respectively. Hindalco has a comprehensive presence in the aluminum sector, encompassing bauxite mining, refining, power plants, coal mining, smelting, and the production of downstream aluminum products. Its aluminum product line includes specialty and standard-grade alumina, ingots, hydrates, wire rods, billets, flat-rolled products, coils, and extrusions. The company’s copper operations include copper smelting and fertilizer plants, producing products like cathodes, copper rods, and by-products such as silver, gold, and DAP fertilizers. Hindalco Industries supplies the aerospace and defense sectors with aluminum extrusion products made from special and hard alloys. The company’s manufacturing facilities are in Renukoot, Uttar Pradesh, and Alupuram, Kerala, in India. It exports aluminum extrusions to various countries including France, the UK, the U.S., Germany, Canada, South Africa, the Netherlands, Singapore, Sri Lanka, Malaysia, and Bangladesh. Hindalco Industries Limited also encompasses Novelis, Inc. and Hindalco-Almex Aerospace. Novelis, Inc. provides rolled aluminum products for industries like automotive, electronics, and architecture, and is a prominent manufacturer and recycler of aluminum beverage cans. Hindalco-Almex Aerospace produces high-strength aluminum alloys for the transport, sporting goods, and aerospace industries.

  • Arconic Corporation - Arconic Corporation, a company based in the U.S., specializes in the production of lightweight metals. It operates 46 manufacturing facilities across Asia Pacific, North America, and Europe. The company’s primary offerings encompass rolled products, building & construction systems, and extrusions. The company’s extrusion production units are situated in Germany, South Korea, and the U.S. As of December 2020, the Arconic Corporation had a workforce of 13,400 employees. In February 2019, Arconic Inc. divided its business into two separate entities: Arconic Corporation and Howmet Aerospace Inc. Arconic Corporation is responsible for rolled aluminum extrusions and aluminum products, while Howmet Aerospace Inc. handles engine components, fastening systems, and engineered structures.

  • Norsk Hydro ASA - Established in 1905, Norsk Hydro ASA is a Norway-based company with its headquarters in Oslo. As of 2020, it employed 3,000 people. The company has operations in approximately 40 countries and owns a bauxite mine in Paragominas, Brazil. Its primary focus is the aluminum industry, with operations spanning from mining to the production of primary aluminum. The company’s business is divided into several segments: primary metal, bauxite & alumina, metal markets, rolled products, extruded solutions, and energy. The bauxite & alumina segment includes bauxite mining and alumina refining operations in Brazil. The primary metal segment encompasses the production, remelting, and casting of primary aluminum. Norsk Hydro ASA also has partial ownership of primary aluminum smelting operations in Slovakia, Australia, Canada, Brazil, and Qatar. The metal markets segment is responsible for selling and distributing products produced by the company’s primary metal facilities, as well as sourcing and trading metal products. The rolled products segment operates five rolling mills located throughout Europe. The extruded solutions segment provides extrusion-based products to customers in Europe and the Americas, offering customized solutions for various sectors such as transportation, building & construction, and engineering. Lastly, the energy segment includes the company’s captive hydropower production and arrangements for sourcing power externally.

  • Constellium N.V. - Established in 2011, Constellium N. V. is a company based in the Netherlands with operations in North America, Europe, Asia Pacific, and Central America. The company is structured into three business units: packaging and automotive rolled products, aerospace and transportation, and automotive structures and industry. As of December 2020, Constellium operates approximately 24 manufacturing sites and employs around 12,000 people. The company specializes in the production of new aluminum alloys and engineered products for a variety of market applications. It also recycles scrap metals to produce aluminum, which helps to reduce waste and the demand for primary aluminum. The company’s operational priorities include pollution prevention, waste reduction, resource and water management, and carbon dioxide limitation. Its technology centers, located in France, the U.S., and Plymouth, are the source of most of its advanced aluminum alloys and solutions. Constellium N. V. serves a wide range of key clients, including AB InBev, Airbus, Amcor, Ardagh, Audi, Ball, Bae Systems, Benalu, Blue Origin, BMW Group, Boing, Bombardier, Can-Pack, Crown, Dassault, Fiat Chrysler, Ford, General Motors, Hitachi, Krone, and Land-Rover, among others.

  • Kaiser Aluminum - Founded in 1946, Kaiser Aluminum is a company based in California, U.S. with operations in North America, Europe, and Asia. The company produces a diverse array of aluminum mill products and employs nearly 3,000 people. Kaiser Aluminum operates 12 manufacturing plants and has sales offices in four countries across Europe and the Asia Pacific. The company’s product line includes plates, sheets and coils, hard alloy shapes, soft alloys, extrusions, seamless and structural extruded and drawn tubes, cold finished rods and bars, wires & rods, and redraw rod forge stocks. Kaiser Aluminum serves the aerospace, automotive, and general engineering sectors, and offers after-market services. In the automotive industry, the company produces abs blocks, driveshaft tubes, bumper extrusions, apron tubes, and crush cans, often in collaboration with tier 1 auto suppliers.

  • Alupco - Established in 1975, Alupco is a Saudi Arabian company based in Dammam that specializes in the production of various shapes of aluminum extrusions. In addition to this, the company is involved in the surface coating of profiles, which includes mill finishing, powder coating, anodizing, wood finishing, and polishing. Alupco operates 9 extrusion presses, 5 powder coating lines, 2 anodizing lines, and 2 polishing lines, with an annual capacity of over 85,000 tons, 65,000 tons, 12,000 tons, and 1000 tons respectively. The company also runs 2 wood finishing lines, a thermal break crimping production line, and 2 protection taping lines. The manufacturing facilities of Alupco are in Dammam and Jeddah. The company has a broad customer base spanning the Middle East, Gulf Cooperation Council, North Africa, and Europe, with sales offices in Saudi Arabia, the UAE, and Egypt. Alupco has supplied aluminum extrusions for 10 significant projects in the Middle East. The operations of the company adhere to various international standards including American (ASTM), British (BS), European (EN), German (DIN), and Saudi (SASO). Alupco has formed strategic alliances with several international companies such as Italian Architectural Systems Company (ALUK), American Brand of Aluminum Composite Panels (ALUBOND), Schuco International, Exklusiv-Hauben Gutmann GmbH, Installux Gulf, Gulf Aluminum Council, and Aluminum Anodizers Council. As of the year 2019, Alupco had a workforce of 254 employees.

  • Gulf Extrusions Co. LLC - Gulf Extrusions Co. LLC, a leading company of the Al Ghurair Group, was established in 1976 and has its headquarters in Dubai, UAE. The company specializes in the manufacture of aluminum extrusions and offers additional services such as crimping, anodizing, fabrication, and powder coating. Its products cater to various sectors including architecture, industry, and transportation & automotive. The company is committed to investing in cutting-edge technologies and innovations, with recent developments including Twisted Profile, Fire-X87, X-ECO, and Handrail. Gulf Extrusions Co. LLC has a global presence, with operations in Gulf Cooperation Council (GCC) countries, Indian Sub-Continent countries, Southeast Asian countries, Australia, Africa, European countries, and Canada. In 2020, the company set a goal to reduce greenhouse gas emissions and developed a green billets product named X-ECO, made from recycled aluminum. This product has significantly reduced carbon dioxide emissions, making Gulf Extrusions Co. LLC the first eco-friendly extrusion manufacturer in the Middle East. As of 2020, the company employed a workforce of 550 individuals.

  • Balexco BAHRAIN ALUMINIUM EXTRUSION COMPANY - Established in 1977, Balexco, also known as Bahrain Aluminium Extrusion Company, is based in Manama, Bahrain. The company specializes in the production of aluminum extrusions, which are utilized in the construction of doors, window frames, and other related products. Balexco operates four extrusion presses, inclusive of anodizing and powder coating lines. The company boasts an annual production capacity of 32,000 tons, with 70% of its output exported to Gulf & Arab countries, while the remaining 30% is used domestically. The company’s equipment and technology have been sourced from renowned international firms such as SMS Group GmbH in Germany, Clecim in France, and GIA Clecim in Spain. Additionally, Balexco procured heating furnaces from Mechatherm International Ltd., UK, and Aluminium Bahrain (Alba), a major supplier of billets to Balexco located near Bahrain. As of 2020, Balexco employed a team of 200 individuals.

  • QALEX - Established in 2008, QALEX is a company based in Doha, Qatar. It is a collaborative venture involving several companies including Qatar Industrial Manufacturing Company (QIMC), Alutec, Aluminum Gulf Ray, Salam International Investment Ltd., Qatar Real Estate Investment Company (Alaqaria), Qatar Oman Investment Co., and Qatar Belgium Aluminum Co. (QBEL). QALEX specializes in the production of aluminum extrusion profiles, utilizing an 8-inch extrusion press from Japan with an annual production capacity ranging from 8,000 to 10,000 tons, and a 7-inch extrusion press from Italy. The company also operates various other equipment for hot log shear, log oven, and aging oven, which have been imported from the U.S. QALEX has been recognized with ISO 9001:2015, ISO 14001:2015, and OHSAS 18001:2007 certifications. As of the year 2020, the company had a workforce of 112 employees.

  • China Zhongwang Holdings Limited - Established in 1993 and based in Liaoning, China, China Zhongwang Holdings Limited is a prominent player in the fabrication of aluminum products. The company’s primary operations involve the research and development, manufacturing, and sales & marketing of premium aluminum products. The company operates three main businesses: flat rolling, deep processing, and aluminum extrusion. In 2020, the aluminum extrusion and flat rolling businesses contributed 64.5% and 29.1% of the revenue, respectively. In addition to its core operations, the company offers supplementary services for extruded products, including cutting, welding, and surface treatment. As of December 2020, the company employed 37,849 full-time staff. China Zhongwang Holdings Limited caters to a variety of sectors such as electrical engineering, machinery & equipment, and transportation (including automotive, shipbuilding, aviation, and railway), as well as building & construction. The company had registered a total of 712 patents by December 2019. As of December 2020, the company’s production capacity stood at 300 kilotons.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Aluminum Extrusion Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Aluminum Extrusion Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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